Phoenix Financial Ltd. Sells 142,670 Shares of Johnson Controls International plc $JCI

Key Points

• Phoenix Financial Ltd. has significantly reduced its holdings in Johnson Controls International plc by 84.9%, selling 142,670 shares during the second quarter, leaving it with 25,369 shares valued at approximately $2.68 million.
• Johnson Controls International reported better-than-expected earnings of $1.05 per share for the last quarter, surpassing analyst estimates of $0.99, alongside a revenue of $6.05 billion.
• The company recently increased its quarterly dividend to $0.40 per share, marking a rise from the previous $0.37, with an annual yield of 1.4%.

Phoenix Financial Ltd. reduced its position in Johnson Controls International plc (NYSE:JCI - Free Report) by 84.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,369 shares of the company's stock after selling 142,670 shares during the period. Phoenix Financial Ltd.'s holdings in Johnson Controls International were worth $2,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC lifted its position in Johnson Controls International by 425.0% during the first quarter. Truvestments Capital LLC now owns 315 shares of the company's stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Accent Capital Management LLC acquired a new position in shares of Johnson Controls International during the first quarter worth $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Johnson Controls International by 74.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company's stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Activest Wealth Management boosted its position in shares of Johnson Controls International by 56.4% in the 1st quarter. Activest Wealth Management now owns 369 shares of the company's stock worth $30,000 after purchasing an additional 133 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Johnson Controls International in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Johnson Controls International Stock Performance

Shares of NYSE JCI opened at $111.26 on Wednesday. The company has a 50 day simple moving average of $107.50 and a two-hundred day simple moving average of $100.72. The stock has a market cap of $72.81 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 1.66 and a beta of 1.33. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.50. Johnson Controls International plc has a 12 month low of $68.03 and a 12 month high of $112.63.

Johnson Controls International (NYSE:JCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.06. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.99 billion. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, analysts predict that Johnson Controls International plc will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, September 22nd. This is an increase from Johnson Controls International's previous quarterly dividend of $0.37. Johnson Controls International's dividend payout ratio (DPR) is 47.48%.

Analyst Upgrades and Downgrades

A number of research firms have commented on JCI. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $105.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, October 15th. The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Morgan Stanley boosted their target price on shares of Johnson Controls International from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Citigroup raised their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the stock a "neutral" rating in a report on Thursday, October 9th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $120.00 price objective on shares of Johnson Controls International in a research note on Thursday, July 24th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Johnson Controls International has a consensus rating of "Moderate Buy" and an average target price of $113.41.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at $14,651,562.54. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the sale, the vice president directly owned 25,005 shares in the company, valued at approximately $2,643,778.65. This trade represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,761 shares of company stock valued at $922,447. Insiders own 0.54% of the company's stock.

Johnson Controls International Company Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

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